There’s no universally correct direction for every breakaway to take. What works for some may not be the right solution for others.

In full disclosure, I’m a wirehouse convert to independence. I was an adviser-turned-branch-manager for a large wirehouse in New York City in 2006 when I lost an adviser to a registered investment advisory firm. Back then, I wasn’t even sure what an RIA was. I was the typical arrogant wirehouse manager who thought the independent wealth management industry could never compete with the big firms. Boy, was I wrong. The industry, advisers and the firms that support them have changed dramatically since I was part of the founding management team at HighTower. 

RECENT INSIGHTS

May 3, 2023

A five-person team has left Wells Fargo Advisors to launch their own independent practice with Summit Financial, a Parsippany, N.J.–based...

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May 2, 2023

We’re pleased to welcome Great Lakes Private Wealth to the Summit Financial family! Based in Farmington Hills, MI, and led...

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March 28, 2023

Our CEO Stan Gregor had the opportunity to speak with Tony Sirianni on the AdvisorHub podcast.  Stan shared the uniqueness...

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